Continuum Advisory LLC Trims Stock Position in Cintas Co. (NASDAQ:CTAS)

Continuum Advisory LLC decreased its stake in Cintas Co. (NASDAQ:CTASGet Rating) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,685 shares of the business services provider’s stock after selling 120 shares during the quarter. Continuum Advisory LLC’s holdings in Cintas were worth $747,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fortis Advisors LLC purchased a new stake in Cintas in the 3rd quarter worth approximately $38,000. NuWave Investment Management LLC purchased a new stake in Cintas during the fourth quarter worth $40,000. Enterprise Trust & Investment Co purchased a new position in Cintas in the fourth quarter valued at $44,000. O Dell Group LLC grew its position in shares of Cintas by 466.7% during the 4th quarter. O Dell Group LLC now owns 102 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 84 shares during the period. Finally, Retirement Planning Co of New England Inc. acquired a new position in Cintas in the 4th quarter worth about $62,000. 65.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CTAS stock opened at $396.91 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. Cintas Co. has a twelve month low of $345.33 and a twelve month high of $461.44. The company’s 50-day moving average price is $400.58 and its 200-day moving average price is $405.05. The stock has a market cap of $40.61 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 2.97 and a beta of 1.48.

Cintas (NASDAQ:CTASGet Rating) last posted its earnings results on Wednesday, March 23rd. The business services provider reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.22. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Cintas had a net margin of 15.88% and a return on equity of 34.05%. Cintas’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.37 EPS. As a group, equities research analysts predict that Cintas Co. will post 11.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Monday, May 16th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, May 13th. Cintas’s dividend payout ratio is presently 33.60%.

In other Cintas news, CAO Michael Lawrence Thompson sold 12,500 shares of the company’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $423.24, for a total transaction of $5,290,500.00. Following the transaction, the chief accounting officer now directly owns 28,933 shares in the company, valued at $12,245,602.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 8,200 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $424.23, for a total value of $3,478,686.00. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on CTAS shares. Morgan Stanley reduced their target price on Cintas from $389.00 to $357.00 and set an “equal weight” rating for the company in a research note on Thursday. upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 28th. The Goldman Sachs Group raised their price target on shares of Cintas from $460.00 to $493.00 in a research note on Wednesday, March 23rd. Robert W. Baird boosted their price objective on Cintas from $430.00 to $458.00 and gave the stock an “outperform” rating in a research note on Friday, March 25th. Finally, Bank of America started coverage on Cintas in a research report on Friday, March 11th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Cintas presently has an average rating of “Buy” and an average price target of $448.20.

About Cintas (Get Rating)

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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